There is no shortage of tipsters around offering ‘get-rich-quick’ opportunities. But if you are a serious private investor, leave the Las Vegas mentality to those with money to fritter.  You’d better get sure-footed and go a great length to find your own market niche.

I am on occasion desirous of find a market niche, which will miraculously spark a trigger in personal wealth surge.  Having looked into a niche out there, you then will address yourself in crafting a business plan, exhausted, though, and the business plan is supposed to be so highly hailed by a venture capital that it is willing to shell out fat bucks out of pocket to initiate the business you target. All the things are on perfect process-approval from the authorities, set-up, staffing, etc.  So well does the company operate with an annualized two-digit heady growth compared to the peers that the prospective investors, however retail or institutional, are enthusiastic in getting your company go public.  Tier-first investment bank, the most prominent law firm and one of the Big Four are seamlessly teamed up with each other, and your company ends up being listed in, for instance, New York Stock Exchange.  The stock price of your company sees a daily robust increase post-listing, and there is no sign of slump in the short run.  Your big hit in business is considered incredible. Your business model is copied over and over again.  Your business case is taken quintessential, and discussed widely by B-school students.  You are the idol of the young and old alike.  Wow, sounds great!  You, fully financially independent, can then take a great portion of time off to do what you really like.  Buying a yacht to travel around the world, collecting priceless antiques in bulk, establishing a philanthropic foundation, and so on.  With the vigor going down and weariness going up, you get physically weak and sentimentally attached to the past.  Probably, you will put the pen, with which you have signed up countless contracts, to paper to piece together all the bits in life into an autobiography.  Finally, you are inevitably merged into the universe-death-with the love of your offspring.

Arabian nights, I think, but imagination leads to motivation.  Motivation brings about execution, and execution will give rise to something.

Not a single factor triggered the horrible sinking of Titanic, which was then regarded as unsinkable, on her first voyage in 1912, said an expert on a TV program.  Flawed designing, insufficient life boats reserve, unpredictable sizeable iceberg, etc. combined to cause the tragedy, which has been vividly portrayed in the quite successful movie-Titanic, he added. 

So does the fatal financial epidemic now plaguing developed countries and the developing as well.  Someone argues that market-to-market accounting rule has played a crucial role in spurring and stoking the financial epidemic.  Furthermore, some bankers, financial experts and politicians allege that the financial crunch itself will fade away as long as banks are permitted to stop pricing their assets at the fair market value, on a seemingly reasonable ground that in a failed market banks can now rely on no prices as benchmark to which their assets are tied up to reflect their present real value.  For measuring assets at the fair market value, they maintain, balance sheets of banks have been unfairly hit and considerably distorted.  It is unsubstantiated-at least I think, once majored in Accounting at college-that root of financial turmoil is attributable to the adoption of market-to-market accounting method. 

James S.Turley, the global CEO of E&Y, a leading accounting firm, delivered his comments on this crunch at World Economic Forum Summer Davos 2008 in Tianjin that there is something to do with market-to-market accounting rule, and experts are split in how to price assets-on a market-to-market basis, or on a market-to-asset basis. However, he went ahead, fair market value be needed, as it timely reflect the condition of assets.  Philip Goeth, the leader of financial service line of Asia-Pacific at Deloitte, a leading accounting firm, too, shrugged off the idea of abolishing fair market value.  Financial crisis, he said, was an economic issue than an accounting matter.  It is a plain fact that investors’ confidence wanes as market fair value of securities is plummeting, and investors tend to sell securities on hand if they soften further. As worse as you can imagine, continuous unhanding of securities leads to more aggressive decrease in price.  As for financial institutions,   they are easy to get in a dilemma-decrease in security price, write-offs, security selling, further decrease and more write-offs. The fair market value is like, say, a mirror of actuality, and the seesawing market impact is captured under market-to-market accounting method.   Accounting standards are aimed to ensure the greatest transparency of financial information.  It is not the trouble maker.